GOLD test of 1320 would give the direction for next month !!1145 Short

Gold/U.S. DollarFXCM

Description

⋅ Oct 20, 2017 5:36 AM

Price rejected the supply zone very much. News upcoming Abe Elections, Trump Tax Plans (more gains on Dollar index and bond yields), US rate hike in December!! Test of 1320 would claim for shorts IMO

If inflation is too much weight on USD gold might drag down further.. ???

US 10Y yield probably going higher with Trump Tax Cut plans news

UJ may be also on hold for longs with Trump Tax Cut Plans and ABE elections and FED December Rate hike..

This is for my reference only. Trade with care.

Comment

⋅ Oct 20, 2017 5:49 AM

Current Interest Rate 1.25% Inflation Rate 2.2% Unemployement Rate 4.20% Debt/GDP 106.10% Source tradingeconomics.com/

Trend Analysis Beyond Technical Analysis

Comments

kenzboard

⋅ Oct 20, 2017 6:56 AM

thanks for all the fundamental news. :)

ShyamalFx

⋅ Oct 20, 2017 7:59 AM

@kenzboard, You're welcome